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SEC Whistleblower Reform Act of 2022

USA117th CongressS-3977| Senate 
| Updated: 3/31/2022
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (4)
Catherine Cortez Masto (Democratic)Elizabeth Warren (Democratic)Susan M. Collins (Republican)Raphael G. Warnock (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
SEC Whistleblower Reform Act of 2022 This bill expands and revises whistleblower protections applicable to individuals who provide information to the Securities and Exchange Commission (SEC) relating to a violation of securities laws. The prohibition of retaliation against whistleblowers is expanded to include individuals who provide information regarding potential violations to supervisors or other employees in positions of authority. Additionally, the bill establishes the right to a jury trial for a person accused of violating whistleblower protection laws. The bill also requires the SEC to make an initial disposition of a whistleblower award claim within the later of (1) one year of the deadline to submit such a claim, or (2) one year after the final resolution of any litigation in the matter. Finally, the bill deems as unenforceable a predispute arbitration agreement regarding a whistleblower action.
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Timeline
Mar 31, 2022
Introduced in Senate
Mar 31, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 31, 2022
    Introduced in Senate


  • March 31, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

SEC Whistleblower Reform Act of 2022

USA117th CongressS-3977| Senate 
| Updated: 3/31/2022
SEC Whistleblower Reform Act of 2022 This bill expands and revises whistleblower protections applicable to individuals who provide information to the Securities and Exchange Commission (SEC) relating to a violation of securities laws. The prohibition of retaliation against whistleblowers is expanded to include individuals who provide information regarding potential violations to supervisors or other employees in positions of authority. Additionally, the bill establishes the right to a jury trial for a person accused of violating whistleblower protection laws. The bill also requires the SEC to make an initial disposition of a whistleblower award claim within the later of (1) one year of the deadline to submit such a claim, or (2) one year after the final resolution of any litigation in the matter. Finally, the bill deems as unenforceable a predispute arbitration agreement regarding a whistleblower action.
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Timeline
Mar 31, 2022
Introduced in Senate
Mar 31, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 31, 2022
    Introduced in Senate


  • March 31, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (4)
Catherine Cortez Masto (Democratic)Elizabeth Warren (Democratic)Susan M. Collins (Republican)Raphael G. Warnock (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted